• Contact Us
  • IND: (+91) 40-485-49062
  • USA: (+1) 614-588-8538

Driver Monitoring Systems Market is anticipated to hit $10.49 billion by 2023 at a CAGR of 11.8%.

Published By: IndustryARC Published On : 04-Sep-2018
According to the new market research report by IndustryARC titled “Driver Monitoring Systems Market: By Key Technology (Image Sensing, Pressure Mats, Infrared Sensing, Strain Gauges, Steering Angle Sensors & Other); By Type of Monitoring (Distraction, Driver Fatigue, Drunk Driving); By Geography - (2018-2023)”, the market is driven by increasing number of accidents and stringent government regulations.

Browse 40 Market Tables, 179 Figures spread through 160 slides and an in-depth TOC on “Driver Monitoring Systems Market (2018 - 2023)

Europe held the largest market share in the Driver Monitoring System Market

Europe region holds the largest market share in the Driver Monitoring System Market and is anticipated to reach $4.18 billion by 2023 at a CAGR of 10.8%. However, APAC witnesses highest growth during the forecast period and is expected to reach $2 billion by 2023 at a CAGR of 14.7%. The economic conditions in entire Europe are good and people have the purchasing power to buy more sophisticated products. Thus, the European market is expected to grow. The key technologies in the region are Image Sensing/Cameras, Pressure Mats, Infrared Sensing, Strain Gauges among others.

Selected Value Chain Analysis done in the full report

Driver Monitoring Market is predominantly business to business in nature. The major components are not end users of the product, but rather they tend to be the big market players such as Ford, Toyota, Volvo, Mercedes, and Renault which are majorly into the vehicle management 

The enhancement in the product value takes place in the Driver Monitoring Systems industry starting from the designing stage and then manufacturing of chips and sensors which takes place inside the semiconductor fabrication labs. Then along with the linear and nonlinear components, these components are assembled in order to get the product working which is then tested and verified in the next step.

There are two ways the business is performed. In the B2B model, the system is sold to the Big market players in the motor vehicles segment for integration of the system with their vehicle from where the product reaches to the end user who are not the consumers in this model of business.

In another business model called B2C or business to customer, wherein the end user forms the consumer base as well, the supply chain is slightly different in the sense that the end product now, rather than going to a vehicle manufacturing for integration with their vehicle, the product is supplied to a retailer to sell it to the end user directly. Such products are known for the aftermarket products. This system has an added advantage that the latest technology can be accommodated to keep up the modified norms for driver safety measurement system and monitoring systems.

To access / purchase the full report browse the link below

Excerpts on Market Growth Factors

The global market for advanced driver assistance systems has grown substantially in the recent years, as vehicle companies have increased the safety content of their vehicles in response to the market and government regulations.

The current global driver monitoring systems market is estimated to propel with the growing number of vehicles on the road and the demand for safety from consumers coupled with government legislation (Europe) and other regulatory body requirements.

Safety norms are not the only reason for their high growth; growing personal safety concerns are also playing an imperative role in the rising demand for driver management softwares in passenger cars.

Sensors of various types form a major part of the vehicle monitoring systems, and their demand in the market is likely to experience rapid growth in the future.

Limited patent validity necessitates companies to come up with newer technologies and innovative products to cater to the growing demand of the automotive technology.

Image Sensing/Cameras is the dominant segment for driver monitoring systems market. It is anticipated to reach $1 b by 2023 growing at a CAGR of 11.8% throughout the forecast period.

Pressure mats is projected to reach $844.80m by 2023 growing at a CAGR of 12.3% throughout the forecast period

Talk to one of our sales representative about the full report by providing your details in the below link:

Key players of Driver Monitoring Systems Market:

The major acquisitions involved in this market are acquisition of ASL Vision by Continental Automotive, acquisition of Electronics Business of Johnson Controls by Visteon and many more. Collaboration such as DENSO - NEC Corporation collaboration impacted on the growth of driver monitoring system market.

Since, scope of technology innovation is high; threat of new players in the market also increases correspondingly. But the market already has numerous players that are striving hard to deliver cutting-edge technologies to lead in global driver monitoring systems products.

The key players in the Driver Monitoring Systems include: Aisin Seiki Co Ltd., Autoliv Inc., Continental Automotive Systems, Delphi, Denso, Johnson Controls, Valeo, Visteon, Magnet, Marelli and Robert Bosch GmbH.

Browse Related Reports:
  • Occupancy Sensor Market: By Technology (Passive infrared, Ultrasonic, Dual technology); By Vehicle Type (Passenger Vehicles, Light Vehicles, Heavy Vehicles); By Mounting Location (Passenger Front Seat, Driver Side Occupant sensing system); By Geography - Forecast (2018-2023)
  • Advanced Driver Assistance Systems (ADAS) Market: By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)); By Sensors (Image, RADAR, Laser, Ultrasonic, Infrared, Capacitive and Others); By Application (Adaptive cruise control, Blind spot monitor, Collision avoidance system, Driver drowsiness detection Others); By Geography - Forecast(2018-2023)

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager 
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc

Request for Sample

News letter

Type your email address below and recive our daily news letter for free

Need Assistance?

If you have any doubts please contact.

Call Us

(U.S. - Canada toll free)
+1-614-588-8538

Write Us

(Please send a mail)
sales@industryarc.com